Acushnet Holdings price target raised to $74 from $65 at Truist

Truist raised the firm’s price target on Acushnet Holdings (GOLF) to $74 from $65 and keeps a Hold rating on the shares as part of a broader research note previewing Q3 for Golf product names. The quarter’s trends suggest a healthy U.S. golf consumer both in terms of rounds played and equipment data, albeit aided by what is seen as continued affluent discretionary spend patterns more broadly in the economy, the analyst tells investors in a research note. The firm also raises its EBITDA multiple for the company to 13-times from 12.5-times while rolling forward its valuation model to 2026 from 2025.